Bitfarms Refutes Riot’s Takeover Bids and Strategizes Growth

Bitfarms (TSE:BITF) has released an update.

Bitfarms Ltd., a leader in Bitcoin data center operations, has publicly responded to Riot Platforms, Inc.’s acquisition attempts, stating Riot’s actions are not in Bitfarms shareholders’ interests and are aimed at acquiring the company below value. Bitfarms emphasizes recent management changes and a strategic acquisition of Stronghold to increase energy capacity as independent moves to bolster shareholder value, not influenced by Riot’s proposals.

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